2021 prediction thread, page-381

looking back on the K1 research dated DEC 2020

ERC Equipoise has updated its independent review of Elixir’s prospective
resources, lifting the mid-case risked estimate (2U) by 92% to 14.6 tcf (prev.
7.6 tcf). The increase recognizes greater gas in place and higher geological
chance of success (30% vs. 19% prev.), based on recent drilling. Results from
the two core holes indicate high gas content (8.6-8.9 m3/t DAF) and fully
saturated coals, indicating good CBM potential. With cash at bank and in the-money options due by end December Elixir is funded to continue
exploration and appraisal in the new year. We value Elixir at $0.29/sh (prev.
$0.27), with a range from $0.11-0.52/sh, depending on resource outcomes

We are currently sitting @ 27 cents with a range of up to 52 cents depending resource outcome,
Are K1 talking about Contingent res outcome? we will find out soon.